HRL

HORMEL FOODS CORP

42.7200
USD
-0.35%
42.7200
USD
-0.35%
31.7100 46.2600
52 weeks
52 weeks

Mkt Cap 22.78B

Shares Out 533.12M

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Hormel Foods' board OKs 12% dividend increase

Hormel Foods Corp. HRL, -1.15% said late Monday its board of directors has approved a 12% increase to the company's annual dividend, raising it to 84 cents a share from 75 cents a share. The board has authorized the first quarterly dividend of 21 cents a share to be paid on Feb. 15. The February payment will be the 362nd consecutive quarterly dividend paid by the company. Hormel shares were flat in the extended session Monday after ending the regular session down 1.2%.

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